Article

  Comment(0)

 

Hannes van Rensburg's Blog  >>

Share:    Email  

Drastic innovation is possble in a framework of digital payments


Hannes van Rensburg,
Date Posted: Monday, June 04, 2012

I have often said that mobile payments is probably not a good name for what is happening. One should rather think of it as digitising cash payments. As we know the majority of payments today in the world is carried out by the exchange of something physical: cash. The mobile payment revolution is about turning this into a digital exchange. This in itself can add significant value to the world of many.

However it is the fact that systems can now access the digital nature of payments that will really lead to drastic innovation. The fact that individuals can now be charged for something (immediately, directly and in small quantities) will trigger more and more innovation.

We are already seeing this in countries where mobile payments have taken root. Innovative solutions to distribute money, to pay for diverse things like solar power, to distribute grants and to collect small contributions are already being deployed by small companies with great plans and exciting visions. Some of these companies are tackling important issues like health and unemployment, while others are working on social media solutions. Much is happening, but this is just the beginning.


...

Read the full story by clicking the link below
http://mbanking.blogspot.com/2012/06/drastic-innovation-is-possble-in.html


Name: Hannes van Rensburg
Title: CEO
Company: Fundamo
View Hannes van Rensburg's Blog

Sponsored Links
 

 

  Article

   Comments(0)

 
Login or register to post comments
[Show comment]

Hannes'S Recent Blogs

Complex eco-systems only works in equilibrium. An argument for us
Mobile Money being used in retail applications.
Empowering women with Mobile Money. Enough research to support fu
Secure element on the phone. The implications of architecture and
NFC taking off will only happen with focused education
NFC taking off will only happen with focused education
The balance of non-competitive behavior in mobile payments
Are we seeing the start of a mobile payment bubble.
Summer was a bit late for Isis
What did the Olympics do to mobile payments

Stay Connected

 
Sign Up for the Latest in:
 
 
Mobile Money Transfer
Mobile Commerce
Micro Finance
Mobile Technology
EMEA
APAC
Mobile Payments
Mobile Banking
Mobile Marketing
Global
Americas
Company
(*)
 

MOST POPULAR

HEADLINES

1.Apple Pay won’t replace your wallet any time soon
2.As Apple Pay Arrives, Witnessing the Next Step in Money. Maybe.
3.Obama signs “BuySecure” initiative to speed EMV adoption in t
4.Pay your taxes through Airtel Money
5.Cape Town launches mobile transport app
6.Why mobile commerce is terrified you’ll be banking on Apple Pay
7. Canadian retailers may experience some turbulence due to mobile
8. Starbucks to launch mobile commerce initiative for the holidays
9.Apple Pay is only the start: Mobile wallets are about to take off
10. Android platform is gaining ground as a mobile commerce, adverti

FEATURED COMPANIES

MOST POPULAR

BLOGS


 
 

Mobile Financial News from around the web

 
 
 

Inside the DonRiver Network